Congress should be cautious in broadly excluding certain actors or transactions from digital asset reporting requirements as this is a unique opportunity to craft comprehensive rules to avoid tax-evasion, increase financial transparency, and help deter illicit financial flows and corruption.
FACT’s New Policy Director Ryan Gurule Shares Reflections on Why He’s Enlisting in the Fight for Fair Tax and an End to Corruption
The United States has just delivered a clear message to the world’s kleptocratic elite: we’re back, and you’re on notice. The past few weeks have brought a whirlwind of developments toward the international anti-corruption agenda.
Earlier this month, the U.S. Treasury’s Financial Crimes Enforcement Network (FinCEN) closed the first round of public comment ahead of the rulemaking on the historic, bipartisan Corporate Transparency Act (CTA), passed this year by Congress to end the abuse of anonymous U.S. shell companies.
Today is May 17, which due to an IRS extension is this year’s tax day. The annual deadline comes as a reminder that–while most of us scramble to pay what we owe–some of the wealthiest among us pay little to nothing in taxes.
Fast on the heels of the Leaders’ Summit on Climate hosted by the United States last week, the Biden administration will start working in earnest to advance its American Jobs Plan in Congress. Infrastructure investments aimed at combating climate change are at the center of the plan designed to spur emissions-reducing actions, generate economic growth and create jobs.
